White House releases Obama, Biden’s tax returns

Washington, April 14: The White House Friday released tax returns by President Barack Obama and Vice President Joe Biden which revealed that the first family paid $162,074 in taxes while having an adjusted gross income of $789,674 in 2011.

The figures, released in a post on the White House Blog by spokesman Jay Carney, showed about half of the first family’s income was the president’s salary; the other half was from sales proceeds of the his books, Xinhua reported.